Start driving decisions with machine data.
Categories:

    Caterpillar Inc. had a fantastic year and exceeded many expectations financially. Their stock went up 26% in the fourth quarter of 2017. When it comes to US manufacturing news, this is actually a sign that manufacturing in the U.S. will do well in 2018.

    An analyst said, "“Caterpillar’s results showed strength across the board in nearly every industry for the first time, which indicated coordinated and synchronized macroeconomic growth."

    Multiple analysts think that the same things boosting Caterpillar Inc.'s success will boost the entire industry such as stronger domestic demand. “It’s a good harbinger for overall economic activity.”

    Recommended ReadCaterpillar’s Latest Earnings Report Is More Good News For US ManufacturingSource: http://dailycaller.com

    Caterpillar Inc. easily surpassed Wall Street expectations for fourth quarter earnings, the latest sign that rising domestic demand and global economic growth augur good things for U.S. manufacturing in the coming year. The Deerfield, Ill.-based maker of heavy equipment — the world’s largest — rode a 35 percent surge in sales to adjusted fourth quarter profits of $2.16 per share, compared to expected earnings of $1.79 per share, according to Reuters. Its top-line sales were $12.9 billion, nearly $1 billion higher than Wall Street expectations. Read More

    Comments

    Leave a comment

    Subscribe to our mailing list

    Related posts

    The latest on the manufacturing industry

    The latest on the manufacturing industry

    According to the news, the US manufacturing industry is shrinking. This hasn't happened since 2009? So, why now? Tariffs are one potential reason we are seeing these changes. The trade war between the...

    Manufacturing News
    How effective is your training?

    How effective is your training?

    According to some research, manufacturing employee training is not where it should be across the board.  In fact, Industry Week reported, "In manufacturing and logistics, 37% only receive training a f...

    Manufacturing News
    What experts think you need to know about data security

    What experts think you need to know about data security

    If you are collecting data it is absolutely vital to make sure that data is secure. What can you do to protect your information?  The experts say you should start by identifying the best place to stor...

    Manufacturing News
    How is AI getting smarter?

    How is AI getting smarter?

    How is artificial intelligence getting smarter?  It's learning from a whole lot of people.  The New York Times reported, "A.I. researchers hope they can build systems that can learn from smaller amoun...

    Manufacturing News
    What is the silver tsumami?

    What is the silver tsumami?

    The term silver tsunami refers to the baby boomers retiring from manufacturing jobs that are not being filled.  Millennials don't seem to be incredibly interested in these jobs, but Generation Z could...

    Manufacturing News
    Two main initiatives to gain a competitive edge

    Two main initiatives to gain a competitive edge

    Business, in many ways, is a competition. Manufacturing is no different! To gain some competitive edge focus on two main things - meeting customer expectations and reducing yield loss.  Industry 4.0 a...

    Manufacturing News
    How you can gain come confidence to grow your manufacturing business

    How you can gain come confidence to grow your manufacturing business

    Sometimes you just need a little confidence! The manufacturing industry might be slowing down a little, but to some that means it's a good idea to take a leap of faith.  Advanced Manufacturing said, "...

    Manufacturing News
    Give your employees a valuable voice

    Give your employees a valuable voice

    Opening the channels of communication in your organization can benefit everyone! One supervisor did this and they said, "It’s important to take the time to connect, to show that you care about your em...

    Manufacturing News
    Do you know the difference between OEE and OPE?

    Do you know the difference between OEE and OPE?

    Do you know the difference between OEE and OPE? While OEE is all about machine performance, OPE tells a slightly different story.  Tulip said, "If you’re only measuring OEE, you might not be isolating...

    Manufacturing News
    What are Gen Z's perceptions of manufacturing?

    What are Gen Z's perceptions of manufacturing?

    It's likely that Generation Z has a more positive perception of the manufacturing industry than millennials.  Industry Week said, "One-third (32%) of Generation Z has had manufacturing suggested to th...

    Manufacturing News